⚙️ XRP Ledger prepares a major lending update
XRPL version 3.4.0 has been released, and along with it, Lending Protocol v1.1 has been put to a validator vote.
The main innovation is closed credit vaults with clear stages: collecting funds → issuing loans → repaying and returning funds to depositors. The interest will be accounted for only after it is actually received.
The Lending Protocol itself enables issuing time-limited loans via XRPL without on-chain collateral, using funds from shared vaults. Borrower and risk assessments are performed off-chain.
Also, the update improves node stability, strengthens protection for peer-to-peer connections, and fixes a number of issues.
❗️ Important: Lending Protocol v1.1 is not yet activated—first, the amendment must pass the validator vote.
#XRP
XRPL version 3.4.0 has been released, and along with it, Lending Protocol v1.1 has been put to a validator vote.
The main innovation is closed credit vaults with clear stages: collecting funds → issuing loans → repaying and returning funds to depositors. The interest will be accounted for only after it is actually received.
The Lending Protocol itself enables issuing time-limited loans via XRPL without on-chain collateral, using funds from shared vaults. Borrower and risk assessments are performed off-chain.
Also, the update improves node stability, strengthens protection for peer-to-peer connections, and fixes a number of issues.
❗️ Important: Lending Protocol v1.1 is not yet activated—first, the amendment must pass the validator vote.
#XRP
